Bitcoin mining company Riot once again increased its stake in Bitfarms by 1 million shares, raising its stake to 18.68%

Bitcoin mining company Riot Platforms said on Tuesday that it has increased its stake in rival Bitfarms by another 1 million shares, increasing its stake to nearly 18.9%, bringing its total stake to about 85.3 million shares. Riot said it will continue to evaluate its investment in Bitfarms. The company's future actions will depend on factors such as negotiations between the two companies, including discussions on shareholder meetings and changes to Bitfarms' board of directors. The company is seeking three board positions at Bitfarms and is open to possible future transactions. (Cryptonews)